Dubai Airshow has been flagged off by Emirates with massive Dh55b order

An Emirates Airbus A380

Its announcement came less than two hours after Airbus said it had reached a deal to sell 430 A320neo jetliners - worth roughly $50 billion at list prices - to Indigo Partners, which owns several low-priced airlines around the world.

The surprise 430-aircraft order by Airbus comprises a commitment for 273 A320neos (new engine options) and 157 A321neos.

The deal was struck with Phoenix-based Indigo Partners, a private equity firm that owns Denver-based Frontier Airlines and also backs Mexico's Volaris airline, Hungary's Wizz Air and Chile's JetSmart.

Meanwhile, Boeing reached an agreement with low-priced carrier FlyDubai to sell 225 Boeing 737 MAX 10 aircraft -a deal valued at $27 billion.

From left to right, Barry Biffle, chief executive officer of Frontier Airlines, Barry Eccleston, president of Airbus Americas, Bill Franke, managing partner of Indigo Partners, John Leahy, chief operating officer - Customers of Airbus, Jozsef Varadi, chief executive officer of Wizz Air, Enrique Beltranena, founder and CEO of Volaris, and Estuardo Ortiz, CEO of JetSMART, pose for a photo after an Airbus announcement in Dubai, United Arab Emirates on November 15, 2017.

According to commentators, the deal marked a dramatic turnaround for Airbus, which had been lagging behind Boeing in the contest for orders so far this year and had a bad start to the 12 -16 November air show.

Airline pioneer Bill Franke placed a historic order for 430 Airbus A320neo-family jets on Wednesday, doubling down on investments in ultra-low cost airlines that offer bargain ticket prices coupled with a slate of extra fees.

A rendering of Emirates new Boeing 787-10

The deal is the 'largest single commercial announcement ever for Airbus eclipsing the 2015 deal with unrelated Indian airline IndiGo for 250 A320neo aircraft listed at $26 billion. IndiGo and Indigo Partners are separate firms with separate management. FlyDubai said the planes would bring the low-priced carriers total fleet on order up to 320.

Boeing stole the early headlines with an order for 40 planes, worth $15 billion at list prices, from Dubai's Emirates airline on Sunday. Emirates announced a $15.1 billion deal for Boeing 787-10 Dreamliners instead.

Airbus has pinned hopes of continuing production of its A380 double-decker jumbo jet on Emirates, the world's largest operator of the aircraft.

The largest global airline in the world, Emirates, made public today their over 15 billion dollars commitment for 40 Dreamliners of Boeing 787-10.

With almost 100 airplanes in operation, Ethiopian flies one of the largest and youngest fleets in Africa, including Boeing 737s, 757s, 767s, 777s, and 787s.

"Regretfully, Indigo will not be paying $49.5bn", said Airbus sale chief John Leahy when asked about any possible discounts.

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